Desjardins Global Asset Management Inc. Has $556,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Desjardins Global Asset Management Inc. lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,499 shares of the home improvement retailer’s stock after selling 111 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Lowe’s Companies were worth $556,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Axiom Financial Strategies LLC lifted its position in shares of Lowe’s Companies by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after acquiring an additional 123 shares during the period. United Bank lifted its position in shares of Lowe’s Companies by 6.8% during the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock valued at $1,968,000 after acquiring an additional 617 shares during the period. Prudential PLC acquired a new position in shares of Lowe’s Companies during the 1st quarter valued at $1,629,000. Baird Financial Group Inc. lifted its position in shares of Lowe’s Companies by 0.4% during the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock valued at $51,780,000 after acquiring an additional 920 shares during the period. Finally, Covestor Ltd lifted its position in shares of Lowe’s Companies by 74.6% during the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LOW shares. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Royal Bank of Canada upped their price objective on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. DA Davidson restated a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Evercore ISI lowered their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday. Finally, Gordon Haskett restated a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Trading Up 0.2 %

Shares of Lowe’s Companies stock opened at $228.86 on Thursday. The company’s fifty day simple moving average is $239.29 and its two-hundred day simple moving average is $218.38. The company has a market cap of $130.95 billion, a P/E ratio of 17.39, a PEG ratio of 1.69 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the previous year, the firm earned $2.28 EPS. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. Analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.